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they feel it won't have much of an impact on the economy. they believe we won't go into recession and the whole thing is over, done. mellow drama even. they think fearmongers. and this is their group of strong holders. a little time passes, they think, hey, should be better off going over the cliff. rich will pay more of their fair shares and higher taxes on dividends. government spending sliced where it should be and and the bloated defense budget. unnecessary social programs. me? i think we aren't where we need to be yet when the it comes to abandoning all the hope. i think the postfiscal cliff world has -- not to matter. those people are polyannas. i think we go into a recession with lots of layoffs and the fiscal cliff was designed to compromise. the cliff was designed to scare legislators into rising above politics and compromise. everyone knew about the growth. just like in europe. means it could be, in fact, reduced dramatically. fewer jobs, larger deficit. not smaller. and the federal reserve that's throwing up its hands, can't do an
they feel it won't have much of an impact on the economy. they believe we won't go into recession and the whole thing is over, done. mellow drama even. they think fearmongers. and this is their group of strong holders. a little time passes, they think, hey, should be better off going over the cliff. rich will pay more of their fair shares and higher taxes on dividends. government spending sliced where it should be and and the bloated defense budget. unnecessary social programs. me? i think we...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to kaiser report. more news today violence is once again flared up the film these are the images cobol has been seeing from the streets of canada. giant corporations rule the day. the opinion. i am.
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to kaiser report. more news today violence is once again flared up the film these are the images cobol has been seeing from the streets of canada. giant corporations rule the day. the opinion. i am.
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you're in a grown not for the economy we're going to grow and that's. really really good. stuff the car going to be good. not sell the cars the earnings are going to be i. think corporate america got the message but we know at least one guy didn't instead he was apparently angry that is speaking fee from the heritage foundation wouldn't get paid which he seems to say here would screw up things for his kids. i know you know i mean i don't know if you can. i mean i don't know if girls through age got all that money in the or in the ruble doesn't always guard you're going up paying for my kid and these are the real people here that night amount there's not for the record that was ed. who attack one of the protesters he's a millionaire a former executive a drug giant pfizer former health care lobbyist and a current scholar at the right wing heritage foundation. obviously didn't get the message let's hope this protest serves as a lesson for the rest of americans and the wealthiest two percent of americans the middle class in this country is not going down without a fight. at th
you're in a grown not for the economy we're going to grow and that's. really really good. stuff the car going to be good. not sell the cars the earnings are going to be i. think corporate america got the message but we know at least one guy didn't instead he was apparently angry that is speaking fee from the heritage foundation wouldn't get paid which he seems to say here would screw up things for his kids. i know you know i mean i don't know if you can. i mean i don't know if girls through age...
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if we get forced austerity on the economy and we go over what is called the cliff, we will not stay over that cliff very long. he will not worry about what happens to the debt ceiling. i think you have a mixture here. what is that almost looks good. less spending, more income. liz: gold, of course, which was down $25. ended down on the session. you also make the point over stocks overall. is this all apple and sort of the paul because of the samsung problems. >> even though apple is getting smashed today. when you consider how much apple is part of the s&p 500, it just speaks to the strength that we have. about 11:00 o'clock, we had that sharp turn up. i think a lot of that had to do with some of the noises we were hearing out of china. take a look at that etf. that is very strong. one other sector i want to put everybody on to is utilities. utilities are very strong today for a couple of reasons. they really lagged the s&p in november. some of the noises that are we are starting to hear out of the fiscal cliff discussions mailing the rates where they are. that will, of course help utili
if we get forced austerity on the economy and we go over what is called the cliff, we will not stay over that cliff very long. he will not worry about what happens to the debt ceiling. i think you have a mixture here. what is that almost looks good. less spending, more income. liz: gold, of course, which was down $25. ended down on the session. you also make the point over stocks overall. is this all apple and sort of the paul because of the samsung problems. >> even though apple is...
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starbucks will be troubling if the economy falls down. last week i think starbucks is the best stock to own although they're busy all day long. russ says i like starbucks for its cult-like following. technicals look like garbage. green mountain has gained 64% over the past month. a reoccurring question on twitter, is this sentiment driven or are there fundamentals you've seen on gmcr? hopefully we can get them to answer right here. mike, what do you say? >> you know, it's interesting. we've seen some bearish activity for a couple of days with starbucks going into this. we saw more of that today. we have a little bit of a valuation problem. green mountain we've seen a little more bullish activity. i have to say i'm not overly optimistic about either one of them. >> are we talking about greep mountain? >> yes. >> remember the day had a we said you'll continue to see a short covering rally. it will overshoot to the short side. over the last couple of days i think it still goes higher. >> starbucks to me, this is the new yum. in fact, we did
starbucks will be troubling if the economy falls down. last week i think starbucks is the best stock to own although they're busy all day long. russ says i like starbucks for its cult-like following. technicals look like garbage. green mountain has gained 64% over the past month. a reoccurring question on twitter, is this sentiment driven or are there fundamentals you've seen on gmcr? hopefully we can get them to answer right here. mike, what do you say? >> you know, it's interesting....
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economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of this. increasingly you are hearing from republicans on the house and senate side we are done looking for compromise on this. we want a way out. looking for an exit plan. >> bret: meantime, the pentagon is now saying that they are preparing for sequestration, as the other agencies. getting ready for what happens. how much can the government hold off the bad things that happen on the first of the year? >> hold off some of it for a few months but this is a catastrophe. the president says rattling the cage, that will a
economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of...
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christie ileto has more on what this means for the local economy. >>> a new report shows that most of the visitors are from out of town, that they spend big bucks here in the area. and that the national aquarium is their main reason for flocking to baltimore. >> reporter: for deborah hanley, when you come to baltimore, there is one place you have to go. >> the aquarium. today is my 60th birthday, and i'm skipping work to celebrate. >> reporter: that's the city's main attraction for handley and other visitors this year, according to a new report. numbers show these underwater creatures show large crowds, draw 1.4 million visitors to the state. and helps maintain 333 jobs. >> it helps us to understand the impact we're making to the community. >> reporter: this comes as they received a nonprofit grant from the state. >> the $2.5 million that the state made available to us to help support that project was very, very important. to us, remaining vital and relevant, really providing new things for our visitors. >> reporter: the report also shows that people who come to the national aquarium
christie ileto has more on what this means for the local economy. >>> a new report shows that most of the visitors are from out of town, that they spend big bucks here in the area. and that the national aquarium is their main reason for flocking to baltimore. >> reporter: for deborah hanley, when you come to baltimore, there is one place you have to go. >> the aquarium. today is my 60th birthday, and i'm skipping work to celebrate. >> reporter: that's the city's main...
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>> well it is supposed to be going to the cutting-edge of the economy. small business creation. you had a piece on this earlier. it is not going there we're at the slowest rate of any recession since world war ii in small business formation. the slowest possible rate --. david: i want to stop you right here. i've been going you there the numbers and i've been trying to figure this out. i've really been trying to figure it out. how did that 25% increase in government expenditures, huge increase, we haven't seen an increase like that since world war ii, how did that become permanent? how did it go from being a one-shot deal, the stimulus in two thooin -- 2009, tt being part of the baseline budget? >> that is the way it workings in washington, david, you know that. once congress puts in place a spending increase, they reappropriate it, build into the baseline and do it before. construction projects need to be expanded. right across the street from the particular studio we have a big train station, union station. a construction project going on three years, all stimulus money. will
>> well it is supposed to be going to the cutting-edge of the economy. small business creation. you had a piece on this earlier. it is not going there we're at the slowest rate of any recession since world war ii in small business formation. the slowest possible rate --. david: i want to stop you right here. i've been going you there the numbers and i've been trying to figure this out. i've really been trying to figure it out. how did that 25% increase in government expenditures, huge...
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that has an enormous ripple effect throughout the economy. many of you, over the last two or three years, have experienced record profits or near record profits and have a lot of money where you are prepared to invest in plants and equipment and hire folks. obviously, globally, the economy is still soft. europe will be there for quite some time. asia is not charging forward as quickly as they were navy a few years ago. but, i think what you have unrecognized and what many of you have told me, everybody is working for america. they understand that if we are able to put forward a long-term agenda, for growth and prosperity, it is broad-based here in the united states, the covenants will not just increase here in the united states, it will increase globally. we can get the cycle i think all of us have been waiting for and want to see. what is holding us back right now, ironically, is a lot of stuff going on in this town. i know that many of you have come down here to try to see if there is a way we can break through the law jim and go ahead and
that has an enormous ripple effect throughout the economy. many of you, over the last two or three years, have experienced record profits or near record profits and have a lot of money where you are prepared to invest in plants and equipment and hire folks. obviously, globally, the economy is still soft. europe will be there for quite some time. asia is not charging forward as quickly as they were navy a few years ago. but, i think what you have unrecognized and what many of you have told me,...
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that's $115 billion a year that would go to deficit reduction instead of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> reporter: those in favor allowing the tax cuts to expire argue money for social security payments has to come from somewhere. although john says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. >> reporter: might be a jacket. might be those pair of boots that they want to go there and keep warm. >> for john the debate in washington is not about the federal budget it's about his family's. jim axelrod, cbs news, west new york, new jersey. >> early this morning a tentative deal was reached to end the strike that shut down this nation's largest port complex. workers are expected to return to work this morning. clerks at the ports of los angeles and long beach, california had been on strike for eight days. the deal was reached hours after federa
that's $115 billion a year that would go to deficit reduction instead of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> reporter: those in favor allowing the tax cuts to expire argue money for social security payments has to come from somewhere. although john says that somewhere will mean doing...
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economy? we'll show you some stats to make you go -- hmm. we'll talk more about apple's slide, should microsoft's ceo steve ballmer get the boot if the surface fails. and we will introduce to you quite possibly the world's dumbest demolition crew. it involves a multi-million dollar bore chateau and really bad bulldozing. >> yikes. see you at 1:00, brian. thank you. >>> listen up wall street recruiters, a recent rash of college cheating scandals has shown academic dishonesty is unfortunately a very big problem on campus today. who are the worst offenders? tonight's premier of "faking the grade -- classroom cheaters," we'll tell you. they'll find out which students are most likely to cut corners in the battle to gain an edge. >> reporter: don mccabe and his canadian colleague collaborate on research. mccabe says in the u.s. business students cheat the most. engineering students are often near the top of the list. and so are communications and journalism students. women studied at one university said they don't cheat when they're in a women-onl
economy? we'll show you some stats to make you go -- hmm. we'll talk more about apple's slide, should microsoft's ceo steve ballmer get the boot if the surface fails. and we will introduce to you quite possibly the world's dumbest demolition crew. it involves a multi-million dollar bore chateau and really bad bulldozing. >> yikes. see you at 1:00, brian. thank you. >>> listen up wall street recruiters, a recent rash of college cheating scandals has shown academic dishonesty is...
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mexico's economy is thriving, it just doesn't get talked about. and i think kansas city southern is the way to benefit. >> all aboard! >> it's the nafta railroad except for it doesn't take away our jobs. don't move, "lightning round's" coming. >>> keep up with cramer all day long. follow @jimcramer on twitter and tweet your questions #madtweets. welcome to chevy's year-end event. so, the 5.3-liter v-8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer power? [ laughing ] [ stops laughing ] [ male announcer ] chevy's giving more. this holiday season, trade up to get the 2012 chevy silverado all-star edition for 0% apr financing for 60 months plus $2,000 cash allowance or get a total value of $9,000. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-
mexico's economy is thriving, it just doesn't get talked about. and i think kansas city southern is the way to benefit. >> all aboard! >> it's the nafta railroad except for it doesn't take away our jobs. don't move, "lightning round's" coming. >>> keep up with cramer all day long. follow @jimcramer on twitter and tweet your questions #madtweets. welcome to chevy's year-end event. so, the 5.3-liter v-8 silverado can tow up to 9,600 pounds? 315 horsepower. what's...
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they are keeping the economy growing. i listened to what you just said and i heard similar things for the last 3 1/2 years whether it was dubai and bp oil spill or greece or spain or the deleveraging or foreclosures. any of these things that we're supposed to take us out and yet we keep moving. i think the fiscal cliff is another one of these. >> let me ask you about the timing then. deutsche bank had a note out yesterday where they suggested that central banks have bought us a six months of time on the markets. if pmis do not improve, will we see growth? what would you say to that view? >> i mean, i'm pretty simple on this. i do not believe and we could debate this probably all day that quantitative easing itself has helped the economy at all. banks put that money right back to the fed as excess reserves. it hasn't boosted money in the economy. i don't believe that we've seen a false rally or sugar high. i think the growth in the economy and growth in the markets has been driven by productivity and profits. i think it's
they are keeping the economy growing. i listened to what you just said and i heard similar things for the last 3 1/2 years whether it was dubai and bp oil spill or greece or spain or the deleveraging or foreclosures. any of these things that we're supposed to take us out and yet we keep moving. i think the fiscal cliff is another one of these. >> let me ask you about the timing then. deutsche bank had a note out yesterday where they suggested that central banks have bought us a six months...
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. >>> report released overnight predicting impact of prop 30 on the state's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the fastest. just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are see
. >>> report released overnight predicting impact of prop 30 on the state's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> tonight, we have new evidence that secretary of state hillary clinton is running for president. polls reveal that she sent hand signed notes with supportive words and encouragement to democrats who narrowly lost their congressional races. in one note, secretary clinton wrote, we will continue needing your voice in the public square in the years to come. in the words of eleanor roosevelt, the future belongs to those who believe in the beauty of their dreams. onward! onward indeed. president obama's pick to chair the democratic party for the next four years, representative debby wasserman schultz, said this about secretary clinton today on andrea mitchell reports. >> she is an incredible leader who has a tremendous fu
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> tonight, we have new evidence that secretary of state hillary clinton is running for president. polls reveal that she sent hand signed notes...
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there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of faith on the part of democrats and liberals to get rid of the bush tax cuts for the wealthy. they campaigned on it for more than 10 years now since it was enacted in the bush administration. they want to get rid of it. they ought to understand those are some of the most harmful economic ways of increasing revenues for the fiscal government. they ought to look for things that promote growth, not harm growth. lori: you laid it out. research rnc credits that will perhaps stop spending money on r&d until they get a firm idea of the credits they are entitled to. do you think this economy which is so fragile, weak jobs numbers, probably another bad one on friday. however as are we for going into a contractio
there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of faith on the part of democrats and liberals to get rid of the bush tax cuts for the wealthy. they campaigned on it for more than 10...
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i know it will doom our economy for years to come, but let's just go over the [ bleep ] cliff. fine. let's just go. just leave the negotiating tables and send us over the cliff. because you know why? at least for a few seconds, it will feel like we're flying. >> welcome back to "morning joe." it is the top of the hour. look at that shot of new york city. >> beautiful. >> how beautiful. >> beautiful. glad we're here. >> good morning, everyone. >> all right. you want to be happy? take a look at washington. >> look at that shot, man. >> how can you not be happy? >> i just said, you showed a picture of gotham and the clouds, and i'm glad we're here. >> look at this incredible cast of characters. steve rattner still with us along with mike barnicle in new york. joining us on set, republican senator from oklahoma, senator tom coburn who served in the bipartisan simpson-bowles commission two years ago. and the moderator of "meet the press," david gregory, not bad. not bad at all. >> where are we, tom? where are we, buddy? >> i have no idea. >> that's not good because you make sense. >
i know it will doom our economy for years to come, but let's just go over the [ bleep ] cliff. fine. let's just go. just leave the negotiating tables and send us over the cliff. because you know why? at least for a few seconds, it will feel like we're flying. >> welcome back to "morning joe." it is the top of the hour. look at that shot of new york city. >> beautiful. >> how beautiful. >> beautiful. glad we're here. >> good morning, everyone. >> all...